Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Still a Buy?

Hochschild Mining PLC (OTCMKTS:HCHDF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.5650, but opened at $9.10. Hochschild Mining shares last traded at $9.04, with a volume of 1,500 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. Berenberg Bank upgraded shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group assumed coverage on shares of Hochschild Mining in a research report on Monday, August 3rd. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Hochschild Mining Stock Performance

The stock has a 50 day simple moving average of $6.60 and a 200 day simple moving average of $7.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.99.

Hochschild Mining Company Profile

Hochschild Mining plc is a London‐based precious metals company engaged in the exploration, development and operation of underground silver and gold mines. The company focuses on extracting and processing high-grade ore through conventional underground mining methods, with silver as its primary product and gold as a valuable by‐product. Its operations encompass a full value chain, from exploration and feasibility studies to production and marketing of refined metals.

The company traces its heritage to early 20th‐century mining initiatives in South America and has built a strategic presence across Latin America.